Forget payday loans, this will be Canada’s the fresh new generation off higher-desire money
Forget about pay day loan, it is Canada’s the latest age group out-of large-appeal finance
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All the Kathleen Zane wanted to create try buy a couch. Rather, she says she ended up with $5,850 indebted and you may a personal mortgage that have a yearly attention of %.
Debt of highest-attention payment funds, a fairly new product which includes become popular in recent years, is becoming even more common among Canadians with lower credit ratings or brief borrowing histories. (more…)